Facts
About how many people in America need Long Term Care Insurance?
About 14 million adults
What type of people use Government Programs for Long term Care
for people who can’t afford long term care, like veterans and low income persons
What is Skilled Care
Continuous and around the clock care. Ordered by a doctor
How many people that need Long Term Care Insurance actually get it?
About half or 7 million
Explain a Hybrid Policy
combination of both life insurance and long term care insurance. You get a life insurance benefit if you never used long term care and you died. If you do need long term care, you can choose to take some of your money from the savings of life insurance to pay for your care, or put more money into your life insurance.
What is intermediate care
intermittent nursing and rehabilitation care ordered by nurses, or people under a doctor.
Which gender has to pay more for long term care insurance and why?
Female, because they live longer
What does this insurance cover?
Things not covered by health insurance, like nursing homes, assisted living or care for people who need it due to chronic conditions due to medical conditions, or disabilities.
What is Custodial Care?
someone that doesn’t need to have nursing skills looking after you, but is supervised by a doctor, helping you with you everyday tasks.